Fall Heralds Some Relief from Blistering Home Price Growth
Following the summer’s record-breaking heat and housing prices, the autumn winds herald cooling on all fronts. Amherst’s home price and rent growth indices suggest that the summer peaks may be behind us. For the second consecutive month, home price growth is showing decelerating trends, though growth levels are still near their record peaks. Although August rent growth shattered its previous records yet again, growth trajectories imply that the pace may soon settle. These trends continue to suggest that demand for spacious homes in less expensive cities amid a constrained housing supply remains strong.